Recently, Marionnaud Parfumeries, a French perfume outlet, sold for over $500 million. And, believe it or not, there are many other perfume outlets that have even reached billionaire status in terms of their accumulated revenue. So, it stands to reason that there's a lot of money that can be made in the perfuming business.
Yet, how does an aspiring nose, or discount perfume/cologne aficionado take advantage of the opportunity? If they have a little bit of money to begin with, or a good credit score to get a business loan, should they consider creating their own series of perfume outlets, like Marionnaud Parfumeries did? Or, should they make money as an affiliate marketer for smaller online perfume outlets?
Well, if you have starting money, there is a lot of potential in starting your own perfume outlet. But remember, when running a discount perfume outlet, you're going to need a building, employees and wholesale perfumes/colognes. Also, you're going to need advertising money to promote your new perfume outlet.
With affiliate marketing, none of these things are a concern, since all of that is already taken care of. The only thing you have to do is promote the site. Granted, you could pay money if you wanted to, but with today's Internet world, you really don't have to. . . as long as you don't mind sacrificing a lot of time. With a little bit of article writing, blogging and social networking, you can ‘easily’ sell hundreds, maybe even thousands of dollars of discount perfume a month. If you specialize in discount fragrances, or cheap designer fragrances, there's no limit as to how much you could make.
All in all, it will come down to your own financial situation, along with how much you're willing to risk. With affiliate marketing, it's possible that your only risk is time. But if you're opening your own perfume outlet, you could be risking time and money. Sure, your return will be much greater, but look at what you give up if you are not successful.
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